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Posted: Tuesday, December 5, 2017 2:40 PM

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Location! Location! One of the few remaining redevelopment opportunities in South Beach. This unique property is zoned mixed use retail/residential, and it is currently comprised of apartments, commercial store fronts, and 14 parking spaces. Property had a major remodel in 1945, according to the tax records. Having a coveted R-PS3 zoning and a municipal code which allows up to 5 floors, this 12,000+ sq. ft. lot can be redeveloped as up to a 40 +/- room boutique hotel, multi-family apartments and/or retail. Per the city of Miami Beach‘s building department, the maximum building size allowed Is 22,750 sf--not inclusive of required parking space, but this should be verified directly by potential buyers. NOTE: The property is not currently being utilized for its highest and best use, however all the units are well-maintained, and the rents on the apartments are on average $1250 per month. For additional information contact Mario Frech at 305-608-5190 or Christina Chong at 95-682-2635.

• Location: Miami, Miami Beach

• Post ID: 72981702 miami
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